Commercial Sale · Commercial
701 Simonton Street, Key West FL 33040, KEY WEST, FL, 33040
Active44 days on marketListed Jul 2, 2026MLS #B26047886
About this property
The property at a glance
701 Simonton Street offers a standout commercial presence in the heart of Old Town Key West, positioned on the highly visible corner of Simonton and Angela Streets. This single-story commercial building features 1,745 square feet of functional interior space on a 6,510 square foot lot, with 8+ off-street parking spaces and a convenient drive-through parking layout. The existing floor plan includes five private offices, a reception/lobby area, storage, central air conditioning, and a security system, creating flexibility for many uses. Frame construction, a metal roof, and an X flood zone location add practical appeal for an owner-user or investor. Located in the Historic Neighborhood Commercial (HNC-1) zoning district, this corner property offers strong visibility, convenient access, and rare on-site parking in one of Key West's most established and walkable Old Town locations.
1,745
Building sq ft
$1,060
Price / sq ft
0.15
Lot acres
1938
Year built
1
Unit
1
Building
HNC-1
Zoning
Commercial
Property type
The numbers
Investment snapshot
$1,850,000
Price / unit
1
Unit
Estimated payment (illustrative)
Estimated payment
$9,364/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Jasmine to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
3,986
Population
$93,269
Median income
54
Median age
2
Avg household
$1,122,322
Median home value
$2,079/mo
Median rent
191
Households w/ kids
Consumer profile
Always thinking about their next destination, this population loves exploring new places abroad or right in their own backyard. They hold onto past trips by sharing their favorite memories and pictures year round.
This population follows the music. From local bands to current acts at the local venue, you can find these people researching band tours and how to get backstage passes.
Characterized by their appreciation for all things whiskey, this population enjoys the classy atmosphere of whiskey drinking and learning about different brands.
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Your team
The pros in your corner
Your agent
Jasmine Ince
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 701 Simonton Street — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 701 Simonton Street.
See it in person
Schedule a tour
Live availability from Jasmine's calendar — pick a time and it's booked.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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